Mainfreight share price could crack $100 within a few years, analysts say
Its attractive features have not been missed by the market, as the company has enjoyed strong share price performance over an extended period of time, they said. Still, they didn’t view the stock as expensive, raising their target price for the shares to $70 from $62. “Whilst we recognise it's not cheap, we retain an ‘outperform’ rating in light of its growth potential, track record, and high quality attributes,” they said. “Its competitive advantage allows for accelerated market share wins during periods of extreme market uncertainty as was the case during 2020.” Supplied M...